By exposing the sheer scale of offshore finance, the Panama Papers have re-fuelled global resentment towards tax-avoiding elites. Are the rich immoral?
By Brooke Harrington. Published by ROAR Magazine
Years before the Panama Papers broke, many of the world’s richest people felt unappreciated and under attack. In 2014, Silicon Valley venture capitalist Tom Perkins compared the position of the rich to that of the Jews in 1930s Germany, warning of a “progressive Kristallnacht” and “a rising tide of hatred of the successful 1 percent.” Though a few of his fellow billionaires distanced themselves from these remarks, several jumped vigorously to his defense, expressing their agreement that the rich were being “pummeled” and “picked on.” Continue reading